Homes selling like hotcakes (Tampa, Brandon: bank owned, sales, real estate)

[kbrkr]

I've been doing a search on Realtor.com for homes in the Brandon area and almost every other home has a pending status. Same for most other markets.

Is Tampa going through a housing BOOM!!!!!???

[lavender]

I think homes in the under $350K range are definitely on the up
as rents are getting so high

[Roscoe Conkling]

Originally Posted by kbrkr

I've been doing a search on Realtor.com for homes in the Brandon area and almost every other home has a pending status. Same for most other markets.

Is Tampa going through a housing BOOM!!!!!???

Yup.
The good times are back.

[housingcrashsurvivor]

Tampa, Florida Housing Graph - JP's Real Estate Charts


Tampa Bay single-family home sales kick off 2015 with a bang | Tampa Bay Times

...In Hillsborough County, buyers closed on 969 single-family homes last month, a 6 percent gain over January 2014. In Pinellas, sales shot up 11.9 percent for the best January showing since the Great Recession.

For the entire metro area, which includes Pasco and Hernando counties, home sales rose 9.1 percent...

...Compared to January a year ago, inventories were down in both Pinellas and Hillsborough with less than a five-month supply of available homes....

...January's median sale price for single-family homes in the greater Tampa Bay area hit $145,000, a 6.4 percent gain over a year earlier. Prices were even higher in Pinellas ($156,500) and Hillsborough ($160,000)....

[BucFan]

Originally Posted by Roscoe Conkling

Yup.
The good times are back.

hopefully people with secure income/solid financial standing are purchasing the homes for a long term investment rather than those house-flippers inflating their homes or those people who walked away on their mortgages like we saw back in '08/'09.........

[Roscoe Conkling]

Originally Posted by BucFan

hopefully people with secure income/solid financial standing are purchasing the homes for a long term investment rather than those house-flippers inflating their homes or those people who walked away on their mortgages like we saw back in '08/'09.........

Everyone likes to see their homes appreciate in value. It's only human nature after all.
In my experience no-one ever complains about a housing bubble until it bursts before they cash in.

[nyer232]

boy wish I could afford to buy a home. Its not in the cards for me. I am a have not. Not a have!

[mrviking]

Originally Posted by kbrkr

I've been doing a search on Realtor.com for homes in the Brandon area and almost every other home has a pending status. Same for most other markets.

Is Tampa going through a housing BOOM!!!!!???

Not really.. Its more like it has resumed the BOOM!!

[coffeecrisp]

We just purchased a home here and our realtor told us there is only four months of housing stock on the market right now. There should normally by six months of stock. So, yeah... not enough supply for the demand.

[bentlebee]

REO's are slowly added to the market since most of the new bank owned homes right now added, are the ones with issues that have been fixed by the banks but often with no paperwork or permits and of course no guarantees so I urge buyers to have a mold inspection performed aside from the home inspection and not a home inspector just checking for mold because they only look for signs and often mold signs are covered by paint which will solve the physical issue for a short period but it will show up again.